Worries over Federal Reserve interest rate hikes and AI funding difficulties came to the fore on Thursday
Netweb, ESDS Software, Hitachi Energy India, other AI-related stocks fall up to 6% amid global AI selloff
» Read more about: Nvidia (NVDA) Stock Falls 3% as Inflation Data Deepens Chip Sell-Off »
monsitj/iStock via Getty Images
The technology sector came under renewed pressure on Wednesday, with the Technology Select Sector SPDR Fund (XLK) breaking below its uptrend on a closing basis, prompting analyst Michael Kramer to warn of potential further losses.
» Read more about: Tech sector breaks uptrend, raising risk of further S&P 500 losses »
Investing.com — British stocks rose on Thursday as stronger-than-expected UK GDP data outweighed a global technology sell-off and hotter-than-expected U.S. inflation.
The FTSE 100 was up 0.06%,
» Read more about: FTSE 100 today: Stocks gain as UK GDP beat offsets tech rout »
» Read more about: Cathie Wood’s ARK Buys CoreWeave Stock After 15% Drop, Sells Palantir »
The S&P 500 has roared higher in recent years, driven in particular by artificial intelligence (AI) stocks. Investors have been eager to get in on the players potentially leading a fresh technology revolution that may eventually supercharge earnings growth. Some companies — and their shareholders — are already winning. For example, memory maker Sandisk has jumped 500% this year,
Learn how volatility term structure can help options traders manage positions long after the initial order gets filled.
» Read more about: Hold, Roll, or Close? The Options Chart Too Many Traders Ignore. »
Skydance shares closed down 22% Wednesday to end the session at just over $7 after the company distributed warrants to investors. Apple shares rose but tech stocks and overall markets mostly ended in the red after a worse-than-expected September inflation reading sparked fears of higher interest rates that hit debt-heavy companies particularly hard.
WASHINGTON — The Social Security Administration projected Wednesday that the annual cost-of-living adjustment for older adults and people with disabilities will go up by 3.6% beginning in 2027,
» Read more about: Social Security recipients to see cost-of-living adjustment up 3.6% »
Share Market Today LIVE, 15th October 2026: Bulls take over Dalal Street today as information technology stocks continue to witness heavy buying. The benchmark indices continued to gain through the second hour of the trade today.
The Sensex surged over 1,400 points to over 74,100 points while the Nifty 50 was up over 400 points,
